Out of pocket or thru incurance????

Question

ok i got into a car accident this morning(hit a fence , dont ask ) got an estimate it would be around $3000, so my question is :

should i go thru incurance or just pay out of pocked to avoid raising a premium and accident beeing on my record for 3 years . i do have cash to pay for it . how much more would my premium be ...please help .....

Answer 1

I seriously doubt that your insurance will go up $3000 over the next three years.  I would have the insurance deal with it.  Some insurance companies do offer "first accident forgiveness".   Maybe yours does.

Answer 2

If this was a one car accident and no one was hurt, pay for it out of pocket.  Let the body shop know you are paying for it and not insurance.  They may knock a few bucks off the price.  Cash is even better then credit card.